A court in British Columbia decided that a promissory note payable at a variable interest rate (e.g.,prime + 1% per annum)was not a negotiable instrument.Why might the court make this decision? How might the decision affect the rights of a third party obtaining the promissory note through endorsement?

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The Answer of A court in British Columbia decided that a promissory note payable at a variable interest rate (e.g.,prime + 1% per annum)was not a negotiable instrument.Why might the court make this decision? How might the decision affect the rights of a third party obtaining the promissory note through endorsement?

A Court in British Columbia Decided That a Promissory Note